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Sep 17, 2012
09/12
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republican candidate mitt romney accuses president obama of playing nice with china. many see this action as a chance for the president to look tough before the november election. >> there's nothing really new about the trade allegations that have taken place. the timing is political opportunist for both sides however, this is not an indication that the us and china are headed to a trade war, and this is not an indication that either side takes trade enforcement lightly. this is simply a taking a trade issue and framing for a moment of political convenience for both sides. >> reporter: sean west of the eurasia group says when it comes to the w.t.o. rules, the u.s. and china both get as close to the lines as possible and aren't scared to file complaints when the other one goes too far. sylvia hall, "n.b.r.," washington. >> susie: meanwhile, general motors and the u.s. treasury are throwing water on a report in today's wall street journal, that said the automaker is pressing uncle sam to sell its stake in g.m. the government owns more than 26% of g.m. it received the sh
republican candidate mitt romney accuses president obama of playing nice with china. many see this action as a chance for the president to look tough before the november election. >> there's nothing really new about the trade allegations that have taken place. the timing is political opportunist for both sides however, this is not an indication that the us and china are headed to a trade war, and this is not an indication that either side takes trade enforcement lightly. this is simply a...
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Sep 11, 2012
09/12
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republicans have expressed some concern the current fed has been too cozy with the treasury and the obama administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relationship. >> reporter: the three men most often mentioned as likely romney fed picks are columbia business school dean glenn hubbard, harvard economist greg mankiw, and stanford economist john taylor. >> among those, i think mankiw would be the most activist and taylor would be the least activist. mankiw would perhaps be the most likely to consider q.e. right now; taylor would be opposed. >> reporter: taylor has criticized bernanke for the fed's aggressive bond buying and is considered an inflation hawk. while hawks may be popular during an election, actually picking one for fed chairman may not sit well with a new president concerned about boosting growth. for his part, hubbard has given few signals about monetary po
republicans have expressed some concern the current fed has been too cozy with the treasury and the obama administration. but that concern may fade after the election. >> i think you'd see a move away from that, so that's easy to say now, before someone has the reins of power. if... when they actually get the reins of power, they might actually prefer to have a more cozy relationship. >> reporter: the three men most often mentioned as likely romney fed picks are columbia business...
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Sep 10, 2012
09/12
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president obama raised more money than republican rival governor romney did in august. he brought in $114 million last month, or about $2.5 million more than the republican candidate. august marks the first time in three months the president raised more money from his supporters than governor romney. ford will add 1,200 jobs next year at its flat rock assembly plant. that plant in suburban detroit, where ford and mazda used to build cars together, will add a second shift next summer, to build the ford fusion. >> they're hourly positions and they run the gamut from working in our body shop, to working in our paint shop, to working in what's known as our final assembly area. and these are all very good paying jobs that will help i think not only the local communities, because in addition to the 1,200 hourly positions in the plant itself, there's a trickle down or a multiplier effect of jobs that are created in communities. >> tom: ford expects its newly re-modeled fusion to be a top seller, already, hitting record sales in august. the michigan plant will be in addition to
president obama raised more money than republican rival governor romney did in august. he brought in $114 million last month, or about $2.5 million more than the republican candidate. august marks the first time in three months the president raised more money from his supporters than governor romney. ford will add 1,200 jobs next year at its flat rock assembly plant. that plant in suburban detroit, where ford and mazda used to build cars together, will add a second shift next summer, to build...
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Sep 13, 2012
09/12
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.-3 a bailout for president obama's poor economy. some economists argue bernanke is risking another outburst of inflation when the economy turns around. bernanke says the fed's research shows that's a manageable concern. the bigger fear he sees is that the economy will stumble along indefinitely. >> we're not going to be premature in removing policy accommodation. even after the economy starts to recover more quickly, even after the unemployment rate starts to move down decisively, we're not going to rush to tighten policy. we're going to give it some time to make sure the recovery is well-established. >> reporter: bernanke says businesses will also be more willing to spend and invest if they know the federal reserve is fully committed to getting the economy moving again. darren gersh, nbr, washington. >> susie: joining us now with more analysis, randall kroszner, former governor of the federal reserve, and now professor at the university of chicago booth school of business. randy so, great to have you on this important day to get yo
.-3 a bailout for president obama's poor economy. some economists argue bernanke is risking another outburst of inflation when the economy turns around. bernanke says the fed's research shows that's a manageable concern. the bigger fear he sees is that the economy will stumble along indefinitely. >> we're not going to be premature in removing policy accommodation. even after the economy starts to recover more quickly, even after the unemployment rate starts to move down decisively, we're...
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Sep 6, 2012
09/12
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stocks are at their highest point since president obama took office. still, many americans are asking themselves if they're better off now than they were four years ago. investors are looking at their financial statements as a guide. but as erika miller explains, that doesn't necessarily mean americans are feeling better about their economic situation. >> reporter: four years ago, the financial crisis was getting worse and the global economy falling off a cliff. so it's no wonder many americans are feeling better about their financial situation now versus four years ago. >> i'm better off right now than i was four years ago by a long shot. >> i feel more comfortable, because i'm older, i have more of a vision of what i want for my future. >> reporter: but others say they're worse off, especially those living paycheck to paycheck or out of work. >> three years ago, i had a job. i've been disemployed for a year now. >> reporter: and plenty of other americans aren't exactly sure where they stand. >> i don't know if i have a lot to base it on; i'm just a c
stocks are at their highest point since president obama took office. still, many americans are asking themselves if they're better off now than they were four years ago. investors are looking at their financial statements as a guide. but as erika miller explains, that doesn't necessarily mean americans are feeling better about their economic situation. >> reporter: four years ago, the financial crisis was getting worse and the global economy falling off a cliff. so it's no wonder many...
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Sep 26, 2012
09/12
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so if he keeps some of the policies in place that obama has kept in, i. e. low interest rates until 2015, fed funds at a quarter percent, if he does something like that that might still give a little buoyancy to the gold price going forward, at least into the first quarter of 2013. >> what happens after the election? where does gold take out direction, will it be from politics and the possibility of falling off the fiscal cliff or will it be from economics namely u.s. economic data and the you're row crisis? >> combined, globally right now, we have quantitative easing, okay, we have a lot of promises without any action, okay. so the promises gave us let's call it a $100 rally at least in gold. the action i do believe will double that, okay, and give us at least another $100 plus. >> what would it take to see a major selloff in gold? >> major pullback in goal prices would probably be rise in interest rates which i don't believe we're going to see. the market is very crowded at a price point, let's call the price point $2,000, you might have some reasonable pr
so if he keeps some of the policies in place that obama has kept in, i. e. low interest rates until 2015, fed funds at a quarter percent, if he does something like that that might still give a little buoyancy to the gold price going forward, at least into the first quarter of 2013. >> what happens after the election? where does gold take out direction, will it be from politics and the possibility of falling off the fiscal cliff or will it be from economics namely u.s. economic data and...
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Sep 21, 2012
09/12
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romney has faced mounting pressure from president obama and democrats to release more financial and tax information. this time, he and his wife ann released last year's returns and a summary of their tax history over the past 20 years. >> reporter: mitt romney's been pretty busy on the campaign trail, maybe that's why he got an extension on his taxes returns,which he filed today. >> i will not apologize for mitt and ann romney's 14% tax rate from last year could have been lower. they only claimed about half of their charitable donations, but the romneys earn most of their money from investments, so they paid a lower rate than other wealthy americans. according to the tax policy center, the richest tax payers- those with incomes over $2.4 million paid an average effective tax rate of 21.5% last year. the release comes after months of political pressure for romney to open up about his finances and closes a collossally bad week for the campaign. monday, liberal magazine "mother jones" posted this video of the candidate telling donors nearly half of americans don't pay taxes. >> reporter: t
romney has faced mounting pressure from president obama and democrats to release more financial and tax information. this time, he and his wife ann released last year's returns and a summary of their tax history over the past 20 years. >> reporter: mitt romney's been pretty busy on the campaign trail, maybe that's why he got an extension on his taxes returns,which he filed today. >> i will not apologize for mitt and ann romney's 14% tax rate from last year could have been lower....
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Sep 28, 2012
09/12
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so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the word ethanol has turned into a pejorative and it's not exactly the most positive topic. i just don't kn
so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben...
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Sep 7, 2012
09/12
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mean by that is if the stock market is up between now and election day, then odds are 90% president obama will hold on to the white house. whereas historically if the market is down between now and election day, the odds are in favor of romney and the republicans taking over. >> it seems like the campaign is watching the s&p 500 as much as the market. >> and what about the volatility twb now and 2013. fi. there's anything certain about the fiscal klich is nothing will be done between now and election day. but historically, there will be some kind of a compromise that lessens the risk of the fiscal cliff. nonetheless, the next four months are critical, the most critical of the bull market. technical strength in leadership and bellwethers. it's all solid, and the technical strength is in place, but cracks are in the foundation in leading economics. >> last week, all of the declines coming in expectations. if that level is off between now and year end, fine, the market will stabilize and perhaps continue higher. if this is the start of a decline in consumer confidence and it continues fallin
mean by that is if the stock market is up between now and election day, then odds are 90% president obama will hold on to the white house. whereas historically if the market is down between now and election day, the odds are in favor of romney and the republicans taking over. >> it seems like the campaign is watching the s&p 500 as much as the market. >> and what about the volatility twb now and 2013. fi. there's anything certain about the fiscal klich is nothing will be done...
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Sep 18, 2012
09/12
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in his comments, romney described supporters of president obama as "dependent upon the government." >> there are 47% of the people who will vote for the president no matter what. all right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name- it. that-- that's an entitlement, and the government should give it to them. and they will vote for this president no matter what. >> tom: now, late last night, romney said his comments were about the political process of attracting voters. >> of course, individuals are going to take responsibility for their lives. my campaign is about helping people take more responsibility and becoming employed again, particularly those who don't have-- don't have work. this whole campaign is focused on getting people jobs again, putting people back to work. >> tom: the number romney used in his fundraising comments, 47%, may have come from this man's group. donald
in his comments, romney described supporters of president obama as "dependent upon the government." >> there are 47% of the people who will vote for the president no matter what. all right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name- it. that-- that's an entitlement, and...
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Sep 4, 2012
09/12
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WETA
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president obama has walked with seniors. president obama's health care law won the support of the a.a.r.p. because it tran sends medicare without cutting benefits and helps millions of seniors with free preventative care and more affording prescription drugs. (cheers and applause) president obama has walked with our young people, america's future. he has made investments in the future that face enormous dividends for our nation. from government funding for pell grant scholarships to make college more affordable to head start to community college to job training president obama has walked with america's women. (cheers and applause) president obama is helping women access preventative health services like cancer screenings, contraception and well women exams. meanwhile mitt romney and republicans in congress would like to roll back a woman's access to important preventative care. turn over women's health decisions to their doctors and defund planned parenthood. and president obama has walked with the hispanic community. becaus
president obama has walked with seniors. president obama's health care law won the support of the a.a.r.p. because it tran sends medicare without cutting benefits and helps millions of seniors with free preventative care and more affording prescription drugs. (cheers and applause) president obama has walked with our young people, america's future. he has made investments in the future that face enormous dividends for our nation. from government funding for pell grant scholarships to make...
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Sep 6, 2012
09/12
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and president obama is hoping a lot of voters say "yes". for small businesses the answer is both "yes" and "no". job cuts led some entrepreneurs to open their own businesses. but, some firms say the last four years have been harder for them. diane eastabrook has more. >> reporter: matt kollar spends much of his days stocking shelves at his hardware store in chicago's lincoln square neighborhood. kollar got the idea to open the store four years ago. and even though he had a solid business record as a theater set builder, it took kollar two years to get a loan. >> i went to 12 different banks. i went to all the local banks. i had three banks fail on me after approving the loan. >> reporter: across the u.s. many small businesses say the past few years have been among their toughest. >> we've done well, but our profits have shrunk and gotten eaten up by a lot of other things: insurance, taxes, and other things, rent, etc. >> reporter: the national federation of independent business says in 2009 its small business optimism index declined to its
and president obama is hoping a lot of voters say "yes". for small businesses the answer is both "yes" and "no". job cuts led some entrepreneurs to open their own businesses. but, some firms say the last four years have been harder for them. diane eastabrook has more. >> reporter: matt kollar spends much of his days stocking shelves at his hardware store in chicago's lincoln square neighborhood. kollar got the idea to open the store four years ago. and even...
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Sep 26, 2012
09/12
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obama is ahead. all the polls in the key states, the battleground states, obama has a lead as well. the markets discounted an obama win, and as a result, this bullish for risk, and for oil as well. >> how high do you continuing crude could go? >> i think $96, $97. not because of an obama victory, but because of bifurcation economically around the world. oi. the split side, what happen fist we can have a romney victory. >> i think oil rallies in either case. if romney wins, it rallies more, because romney victory is risk conducive which would send oil higher. >> ho how big is the uncertaint? >> much less than a few months ago. the morkt has begun to sdounlt an obama victory. not because of political uncertainty, but more because of economic certains. >> once we get beyond the election, what will be the driver for crude? >> economic growth, hands down. fi. we look at the crude contracts >> one of the benefits of trading crew, is you can trade it on the front months and also the supply and demand five, six, sen, eight years down the road. if you look at crude now, 12, 18 months down th
obama is ahead. all the polls in the key states, the battleground states, obama has a lead as well. the markets discounted an obama win, and as a result, this bullish for risk, and for oil as well. >> how high do you continuing crude could go? >> i think $96, $97. not because of an obama victory, but because of bifurcation economically around the world. oi. the split side, what happen fist we can have a romney victory. >> i think oil rallies in either case. if romney wins, it...
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Sep 5, 2012
09/12
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side of president obama, but likely will be an economic message as well. the president has been focusoth middle class in recent campaign appearances looking forward to the convention speech on thursday night, and stay focused. >> the former chairman of the white house council of economic advisers joins us from the convention. austan welcome back to nbr. are americans better off now than four years ago? now do you answer that? >> on average yes. >> in 200 noox*ib, it was january but one of the first economic months in this country. we lost 800,000 jobs, and the stock market collapsed a net worth of something like 40%. so i think we're a long, long way that from, and anybody who thinks that they would like to trade places with last month versus january, 2009, but likely asleep then. >> we asked are they as good today as they thought they would be four years ago'd: perhaps there's a more difficult question for the administration, isn't it? >> if you're asking, is this perfection? no. we have a long way to go, sxnt just the united states. if you look around th
side of president obama, but likely will be an economic message as well. the president has been focusoth middle class in recent campaign appearances looking forward to the convention speech on thursday night, and stay focused. >> the former chairman of the white house council of economic advisers joins us from the convention. austan welcome back to nbr. are americans better off now than four years ago? now do you answer that? >> on average yes. >> in 200 noox*ib, it was...